ACCOUNTS RECEIVABLE
The Accounts Receivable process is critical to the continuing success of any organisation. By effectively collecting monies for goods and services provided, your organisation is then able to support corporate spend and deliver substantial benefits through improved working capital and the balance sheet.
A poor or under-achieving Accounts Receivable function can have a subsequent effect on the organisation being able to pay for goods, resulting in a poor supplier relationships and a poor perception within the marketplace.
The key deliverable for any Accounts Receivable department is effective payment of sales invoices. In many instances delays in payments can be for any of the following reasons:
- The sales invoice provided does not include key information required such as Purchase Order number and Goods Receipt Note (GRN) reference
- A lack of visibility of supporting documentation such as the Proof Of Delivery (POD), no rapid way of resolving the discrepancy until it can be seen who has signed for the goods
- Differences between the number of goods invoiced and those delivered
With the Image Integrators docStore document management solution, Sales Invoices and Proof of Delivery (POD) documents can be scanned and securely stored with rapid access to the information as and when required. The ability to access these documents rapidly can also be extended to your customers. By providing them with a secure username and password they are able to view the Proof of Delivery, Sales Invoices and any supporting documentation, ensuring discrepancies resulting in payment delays are resolved as soon as possible.
Image Integrators Accounts Receivable solutions allow your organisation to:
- Collect money for effectively
- Minimise delays in the payment process
- Simplify any issues by providing all the documentation through a secure web connection to customers
- Reduced debtor days
- Improve relationships with customers
COMMENT